Investment Banking Summer Analyst Readiness Program

Most analysts are evaluated right away and recognized for adding value early on, but training varies across banks, and few will teach you how to build real deliverables. With summer analyst offers extended nearly 16 months before the internship begins, it’s essential for students to revisit and strengthen the concepts they originally studied to earn the offer. Our program provides hands-on experience with tasks that closely reflect what analysts are expected to do on the desk, helping students build confidence and deliver value from day one. Each session contributes to a professional grade deliverable, with exercises intentionally designed to strengthen skills that are essential across the core investment banking workstreams. There are approximately 7 coaching hours required to complete the program.

Our program is specifically designed to help you:

• Add value from Day 1 – With greater familiarity and hands-on practice, interns will be equipped to contribute meaningfully right away.
• Make a strong first impression - Interns who need less guidance and consistently perform well are more likely to be the ones bankers trust and request on their deals.
• Stand out in a competitive environment – Interns who require less ramp-up time and consistently deliver high-quality work are more likely to be trusted and requested by bankers.
• Feel confident and in control – Preparation builds confidence, helping to navigate high-pressure situations with ease.
• Avoid preventable mistakes – Practicing real tasks in advance helps interns minimize errors, work more efficiently, and avoid common early missteps.
• Significantly increase the likelihood of a return offer – Better performance, stronger relationships, and fewer missteps significantly improve the chances of converting the internship into a full-time role.
• Understand how to leverage AI – Learn where AI can improve efficiency and where it should not be relied on, allowing interns to maintain full ownership of their deliverables and demonstrate strong critical thinking skills.

Our program will cover these essential topics:

Week 1

Reading Investor Presentations and Earnings Materials

Learn how to extract relevant data from investor presentations, earnings materials, earnings call transcripts, and SEC filings. Practice pulling growth, margins, competitive positioning, and key company updates to support marketing materials such as pitches, CIMs, market overviews, and industry slides.

Formatting

Build formatting skills essential for creating marketing materials, where interns are often expected to contribute immediately. Formatting and attention to detail are how interns earn trust early. Learn proper alignment, number formatting, labeling, spacing, and consistency, and how to build professional, client-ready slides that clearly present information and are easy to read.

Analyzing Financial Statements & Spreading Comps

Spread financial data for the company being pitched and three comparable companies using reported financial statements. Focus on key metrics across the income statement, balance sheet, and cash flow to calculate Equity Value, Enterprise Value, and trading multiples. Learn how to cite all sources clearly and create clean, auditable backups so every number can be traced and verified. Clean, auditable backups are one of the most important ways interns differentiate themselves and gain additional responsibility.

Week 2

Benchmarking

Create operating and financial benchmarking charts comparing the company to peers, including growth rates, margins, revenue multiples, and EBITDA multiples. Present outputs in clear tables and charts suitable for marketing materials.

Analysis at Various Prices (AVP)

Conduct AVP analysis using a range of Enterprise Values. Calculate implied EBITDA and revenue multiples at different valuation levels and determine the implied share price.

Financial Summary & Trading Charts

Create financial summary charts showing historical and projected Revenue and EBITDA. Develop trading charts using the company’s stock price performance and comparable companies’ stock price performance over the past three years.

Valuation Fundamentals and Basic DCF Modeling

Review valuation fundamentals commonly used in investment banking and build a basic DCF model. The focus will be on understanding the key drivers of value, sensitizing assumptions through two-way data tables, and creating clear outputs that mirror common analyst deliverables.

Week 3

Buyer Profiles

Create one strategic buyer profile and one sponsor profile, a task commonly assigned to interns during sell side processes. Profiles will include a company overview, leadership, key financials, relevant deal activity, recent investments, and notable news.

Process Overview / Workstreams

Learn about key investment banking processes (sell side, buy side) and relevant workstreams, especially those assigned to interns. These may include contact logs, diligence trackers, and other materials critical to deal execution. While they may not require advanced technical skills, they demand precision and strong attention to detail.

Best Practices for Internship Success & Leveraging AI

Cover the most important aspect of the program: the professional, behavioral, and execution habits that drive strong intern performance. Topics include managing competing priorities, communicating effectively with staffers and teams, confirming timelines when accepting tasks, responding promptly to emails and messages, asking thoughtful questions, understanding when and how to push back on assignments, networking within the firm, versioning files, citing sources, proofreading work, and proactively supporting team workstreams.

Understand how AI can be used responsibly in investment banking. While AI can help organize information, generate starting points for research, and support certain workstreams, interns must take full ownership of their deliverables and be able to support every number and detail included in their work. AI will be incorporated throughout the program where relevant, with this session concluding with practical do’s and don’ts.

We are available for ongoing support during the summer internship to respond to questions as needed.